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New Jersey Statutes, Title: 54, TAXATION

    Chapter 4: Property subject to taxation.

      Section: 54:4-20: Exemption of personal property of life insurance companies subject to franchise tax

           The personal property of whatever kind and wherever located of any life insurance company incorporated under any law of this State subject under any law of this State to a franchise tax imposed upon it for the privilege of carrying on its business shall be and is hereby expressly exempted from taxation.

Amended by L.1945, c. 132, p. 492, s. 9; L.1950, c. 101, p. 194, s. 12.



This section added to the Rutgers Database: 2012-09-26 13:37:56.






Older versions of 54:4-20 (if available):



Court decisions that cite this statute: CLICK HERE.